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In 2001, for example, many regions were caught by the bursting of the tech bubble, tumbling stockmarkets and declining investment.
The bank said developing economies should prepare for declining investment from abroad, less-robust exports, and reduced remittances.
After years of declining investment in research, Arab states had begun to spend more on science and technology.
But most of the other directors were retired individuals, who had been hurt by the falling stock market and declining investment returns.
Even the usually impervious upper middle class had seen a decade of stagnant or declining investment, with the stock market dropping in value with no end in sight.
"But," Mr. Shapo said, "the declining investment portfolios and heavy increases in claim severity have created a perfect storm for the insurance companies".
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Declining investments in the state pension fund caused a quadrupling of the county's annual pension bill.
MIT recently authored a report entitled "The Future Postponed" underscoring why declining investments in basic research threatens an "innovation deficit" in the future.
If the president has his way, Mr. Koizumi concluded, the general outlook for federal support of scientific research in that period is "flat or declining investments".
The first quarter of 2003 marked the second straight quarter of declining investments, and continued an extended period of tepid investments.
Meanwhile, as a result of declining investments since 2008, tuition and fees at both two-year and four-year public institutions rose 28percentt.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com